How Does my Business Begin Working With a North Carolina Factoring Company?
All your business has to do to get started is give us a call or fill out an online form. From there, we’ll contact you to talk about your business – how big it is, what you invoice a month, etc. Using that information, we’ll pair your business with the best factoring company in North Carolina to fit your wants and needs.
Then, the factoring company puts your business through a quick approval process. Once complete, your business submits invoices for completed work to the factoring company, who then checks with your customer to ensure the order has been provided or services competed.
From there, the factoring company advances your business up to 95 percent of the accounts receivables, keeping the rest as reserve. When your customer pays the factor, the factoring company releases the reserve to your business minus a small factoring fee.